Aviva Equity Release Conveyancing Panel Sample Enquires to our Call Center from members of the public
My property lawyer has never been on on the Aviva Equity Release Conveyancing Panel. Can I still use my family solicitor even though they are not on the Aviva Equity Release panel?
You have a number of options available to you here:
- Complete the purchase with your existing lawyers but Aviva Equity Release will need to instruct a lawyer on the Aviva Equity Release conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Aviva Equity Release conveyancing panel.
- Urge your lawyer to apply to join the Aviva Equity Release lender panel
My nephew is buying a house that has just been built with a mortgage from Aviva Equity Release. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Aviva Equity Release conveyancing panel as a standard part of the process, and to the valuer when asked.
The Developer will be required to start the process by downloading the form and completing it.
The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Aviva Equity Release conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Do I have to pop into the offices of the Aviva Equity Release conveyancing panel solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Newcastle
so that I can attend their offices when needed.
Most conveyancing panel lawyers for Aviva Equity Release undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.
I was supposed to complete on my flat last Friday. My solicitor is on the Aviva Equity Release solicitors panel but has changed address 8 weeks ago and had not informed Aviva Equity Release of their new address. Aviva Equity Release is now refusing to release my funds as the information from the solicitors isn't correct.
This is as unusual as it is unlucky. The majority of lender Terms of Conveyancing Panel Appointment specifically oblige the solicitor to inform the lender of an address change. Your solicitor needs to treat this with the utmost urgency. Do speak with or register your concern with the senior partner (assuming he or she is not your direct lawyer). Most lenders would be reasonable in this situation and expedite the resolution of this issue. It may be prudent to enlist the help of your local Aviva Equity Release branch or your mortgage broker to see if they can assist.
I can not work out if my mortgage offer requires a lease extension . I have called into my local branch Aviva Equity Release on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Aviva Equity Release conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the Aviva Equity Release panel she or he must comply with the CML Handbook requirements for Aviva Equity Release. Unless your lawyer obtains specific confirmation in writing that Aviva Equity Release will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Aviva Equity Release to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.
Aviva Equity Release have agreed my mortgage in principle, my offer on house has been accepted, now what?
The estate agent will want to know who your solicitors are (make sure these solicitors are on the lenders panel). Call up Aviva Equity Release or your broker and complete any relevant paperwork. Aviva Equity Release will tell you what documents they want. Aviva Equity Release will instruct a valuer. The valuer will get in touch with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes about week to get a mortgage offer. Aviva Equity Release will issue the offer to you and your lawyer. The transaction will then take it’s course according the nature and complexity of the conveyancing.
At last I have had an offer on an apartment accepted, the seller does however have a dependent purchase. The vendors have offered on somewhere, but not been accepted yet, and have viewings of other properties in the pipeline. My conveyancing solicitor has been instructed. What should be my next step? At what point should I appy for the mortgage with Aviva Equity Release?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey/valuation, conveyancing search costs, etc). First you should check that your solicitor is on the Aviva Equity Release conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot mortgage some buyers would pally for the mortgage with Aviva Equity Release and pay for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.